Board authorises two Key Managerial Personnel to decide materiality of events and disclose to exchanges
Baba Arts told BSE that its Board, in its meeting on 9 October 2026, authorised two Key Managerial Personnel to decide which events are material and to disclose them to the stock exchanges.
By ScoutQuest · · 1 min read
- Board Meeting Date
- 9 October 2026
- Letter to Exchange Date
- 23 October 2026
- Authorised Key Managerial Personnel
- Ms. Vidya Pishe (Managing Director) and Mr. Hardeep Darshan Singh Sangha (Director)
What the company has said
Baba Arts has written to BSE to record that its Board of Directors, in a meeting held on 9 October 2026, authorised two of its Key Managerial Personnel for a specific compliance role.
The role is to decide whether an event or information is material, and then to make the disclosure to the stock exchange(s) under Regulation 30(5) of SEBI (LODR) Regulations, 2015. The company's letter carrying this information is dated 23 October 2026.
Who has been authorised
- Ms. Vidya Pishe, Managing Director
- Mr. Hardeep Darshan Singh Sangha, Director
Both names are given along with their contact details in the letter, so that the exchange has a named point of contact for such disclosures.
What this actually means
- Listed companies are required to tell the stock exchange about certain events and information that could affect investors.
- Under Regulation 30(5), the Board has to name the person or persons who will decide whether a given event is material, and who will then make the disclosure.
- This update is that naming. It tells the market who within the company is responsible for this decision and for the disclosure.
How a retail investor can read it
This is a procedural, housekeeping-type update. It does not announce any business event, order, transaction or financial result, and it does not change the company's share capital or operations. It tells you who to look to inside the company when a disclosure about a material event is made.
The letter asks the exchange to take the information on record.
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